Trauma Cover provides a lump sum of up to $2 million in the event that your client suffers from a specific medical condition or event, regardless of whether they are prevented from working or not. It pays out a benefit not because they are going to die, but because they are going to live.
Trauma Cover gives your clients the opportunity to create real options in a traumatic time. It can make a contribution towards financial survival by providing a benefit payment which your client may use to address a financial shortfall resulting from a period of serious illness.
Trauma Cover is available as a stand-alone policy or combined with a Life Care and/or TPD policy.
Trauma cover conditions have specific meanings and a benefit is only payable if you meet the precise meaning of the definition as set out in the CommInsure Protection Product Disclosure Statement (PDS).
You must read the entire PDS including the medical definitions section of that document.
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At a glance
Key benefits
Download the PDS for full list of benefits >
When is a benefit paid?
Pays out a one-off lump sum of up to $2 million if your client suffers from a specified medical condition and survives more than 14 days, regardless of whether they are prevented from working or not. For certain medical conditions or events, a partial payment of the benefit will be made.
Brian is a 48 year old accountant, who is married with two teenage children. He put in place a financial plan with his financial adviser which included Trauma Cover.
Just as well for him and his family that he did because one evening he had to be rushed to hospital and was later diagnosed as having had a stroke.
CommInsure paid Brian’s $627,000 Trauma benefit which helped cover his hospital costs and other ongoing medical expenses, including intensive rehabilitation to improve his physical and cognitive functioning.
Availability: Trauma Cover is only available outside superannuation.